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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: LPS5 who wrote (7038)	2/27/2000 11:44:00 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 18137

SEC admits how meaningless complaints regarding day trading are: D. Complaints from the Public The SEC has received relatively few complaints from the public concerning day trading. In calendar year 1998, the SEC's Office of Investor Education and Assistance ("OIEA") received a total of 10,326 complaints, of which only 37 (or 0.36%) involved day-trading broker-dealers. For calendar year 1999, OIEA received 73 complaints related to day-trading firms (0.56% of total complaints received).21 Complaints from the public related to day-trading firms concerned topics not unique to day-trading firms: failure to follow customer's instructions; unauthorized transactions; and errors in account records. Each complaint was reviewed and appropriate action taken.22 sec.gov